ManageMySpa, a mobile and cloud based technology platform that serves the beauty and wellness industry has raised $6 million (Rs 38.4 crore) funding led by Accel Partners.
The investment will allow the company to accelerate its sales and marketing growth globally and to expand its mobile product offering.
ManageMySpa is a leading software vendor for spas and salons in India. Its large enterprise clients in India include Kaya Skin, Enrich Salons, O2 Spas, Blush Clinics.
Founded in 2010, ManageMySpa has seen double-fold growth year over year since inception. The Seattle based company has offices in seven countries and customers in over 30 countries.
"We’re confident in our ability to execute quickly and scale our growth. We’re able to meet the needs for the beauty and wellness industry, which is a need that has not been addressed by any other player in the market. We have a proven product that scales for large businesses and have been able to dominate multiple markets. With Accel’s insights and investment, we’re poised for rapid growth,” said Sudheer Koneru, ManageMySpa CEO and Founder.
“Accel invests in companies with strong founding teams and a product that serves high-growth markets," said Accel Partners’ Shekhar Kirani. "We believe that ManageMySpa is at a pivotal point in its growth trajectory and has all the competencies to become the leader in its space. We’re excited about the momentum the company has experienced so far and the growth of the wellness industry globally."
Shekhar Kirani has joined the ManageMySpa Board of Directors.
ManageMySpa offers a unique solution by being able to support the needs of the small business owner as well as large enterprises.
Some large enterprise clients globally include Massage Green and La Vida in the US, ElemisSpas in the UK, Martha Tillar in Indonesia, Hair Free and Results Laser Clinic in Australia, Tips & Toes, Hello Kitty,and The Grooming Company in the Middle East.
Source: The Hindu Business Line